Gold weakness could be near its end, more central bank activity in Europe

News for today, Thursday, December 16:

The Federal Reserve’s move to tackle inflation is expected to make European markets open higher on Thursday. The U.S. central bank announced this Wednesday that it will double the pace of its asset tapering program. This means that the U.S. economy is considered strong enough to handle the Omicron variant.

European central bank activities to happen today: the European central bank and the Bank of England will strike a balance between the urge to support economies threatened by the Covid-19 and the desire to drive measures to control for inflation.

The yellow metal market was looking for a hawkish move from the Fed, as a result, gold clawed back up after an initial decline to a two-month low.

Security breaches aren’t new in the crypto world. The troubling trend is that the amount of these attacks is growing rapidly. A blockchain gaming environment, Vulcan Forged exposed the fact of about a $100 million heist on their platform. 4,5 million $PYR tokens were stolen from 98 wallets by sleeky hackers.

The price of Brent crude is $ 74.56 per barrel, WTI — $ 71.61. EUR/USD is at 1.1306, GBP/USD — 1.3275, gold is at $ 1,786.00 per ounce.